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Fuel cells are becoming commercially established thanks to subsidies, policy, and corporate investment

BOULDER, Colo. — A new report examining stationary fuels cells for micro-combined heat and power (MCHP), prime power, large combined heat and power (CHP), and uninterruptible power supply (UPS) applications is available from Navigant Research.

The market for stationary fuel cells is transitioning toward maturity and wider adoption, buoyed by improving economics, government support, and growing demand for resilient, dispatchable power, notes the research firm. In addition, technology breakthroughs are giving way to persistent cost declines, product improvements, and business model innovations, making fuel cells viable in a growing range of markets and opening new opportunities for stakeholders that are prepared for the transition. According to the new report from Navigant Research, the global market for new stationary fuel cells is expected to reach $16.2 billion by 2025.

To date, more 150,000 MCHP units have been installed in Japan, where prices have fallen under the successful ENE-FARM subsidy, according to the report. In the United States and South Korea, major energy players like Apple, Constellation Energy, and POSCO Energy have invested millions in fuel cell projects, while strong policy support in Japan and South Korea are anticipated to drive broad adoption, with similar effects expected in other advanced economies in North America and Europe.

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